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COVID-19 AND COMMERCIAL REAL ESTATE IN SILICON VALLEY

COVID-19 is impacting all of us and is creating unique challenges for commercial real estate. NAIOP Silicon Valley is here to advocate, inform, and connect. Check back for latest updates and resources to help you navigate the quickly changing landscape.

Access recordings of past Real Time Virtual Series
NAIOP Silicon Valley continues to host free bi-monthly virtual events in an effort to provide timely content related to COVID-19 and its impact to commercial real estate. NAIOP Silicon Valley members are invited to view past recordings.

We Helped Defeat SB 939
We’re happy to report that SB 939 did NOT pass the Senate Appropriations Committee on Thursday, June 18, which means the bill will no longer move forward. NAIOP Silicon Valley voiced a strong opposition to the bill as our commercial owners would have been hit the hardest. NAIOP Silicon Valley joined a coalition of other NAIOP Chapters and trade associations, led by the advocacy effort of our NAIOP State lobbyist, the California Business Properties Association (CBPA) to defeat SB 939! Thank you for supporting the effort to defeat SB 939!

In the News– NAIOP Silicon Valley supported Board of Supervisor Dave Cortese and Board of Supervisor Chair, Cindy Chavez, in helping the County work towards reopening. Supervisor Dave Cortese shared, “The groups who partnered with my office and, some who formed task forces to work on reopening guidelines, include:  Commercial Real Estate Developers and Owners (NAIOP), the Santa Clara County Dental Association, Car Dealerships across Silicon Valley, Restaurants in Santa Clara County, Local Aquatic Programs (Almaden Riptide) and dozens of faith leaders across Santa Clara County.”